Post navigation

On February 22nd the Arizona State Senate passed SB 1249 requiring lenders that did not originate a loan to produce the full chain of title for all prior beneficiaries or risk the foreclosure sale being voided and award of attorney fees and damages. The bill passed the Republican-dominated Senate by an overwhelming margin of 28-2. The bill is now in the House where it is expected to pass despite opposition from the states banking industry. The legislation, if passed into law, would become the first in the country requiring lenders to prove they have the right to foreclose by providing a complete list of any previous owners of the mortgage, or chain-of-title documentation on the debt.

In 2006, Global Debt Registry (GDR) recognized the serious weaknesses in consumer data management practices, and began development on a new technology platform that would ensure the integrity of managed and traded data, track account-level chain of title, and provide a turnkey portfolio and document-management repository. Today, the Company offers a fully developed and proven solution that addresses many of the issues facing the mortgage finance and servicing industry today.

“It is crucial for lenders, legislators, and consumers to understand that a solution to the issues that created this crisis already exists,” said Mark Parsells Executive Chairman of GDR. “Our system provides a single source for management of all data and documentation for Issuers, servicing entities, debt buyers, sellers, legal collection firms, regulators, judges, industry participants, and consumers. We are the only turnkey provider of chain of title, data integrity, and media-management services globally, and we stand ready to provide leadership in the recovery of the lending markets and a return to the fundamentals of law.”

Bruce Gilmore, President and CIO added, Our patent-pending technologies are in use by more than 60 accounts-receivable clients and servicing entities in all 50 states. The system can be easily customized to provide titling, data integrity, and media-management services for any asset class and industry. Users can easily transmit and receive data and documents while meeting the most stringent regulatory and industry data protection requirements.

Lawmakers in other states including New York, Oregon, and Virginia have proposed legislation similar to the Arizona bill. Attorneys General of all 50 states are collectively investigating the mortgage servicing industry. GDR offers its knowledge and expertise to those seeking a proven, carefully measured solution to the issues facing the debt industry today.

Clopton Capital is a nationwide commercial actual estate finance agency that resources loans by way of insurance policies companies, cmbs securitizations, and financial institutions. The organization has been in procedure because 2007 and has developed its lending pipelines significantly 12 months over yr.

&#thirteen

The firm now delivers both recourse and non-recourse bank loan possibilities with quantities ranging from $ one million up to $ 50 million with tailor produced expression and maturity possibilities relying on the choice and/or necessity of the borrower. Presently, the organization is aggressively in search of refinance and acquisition options for which it can deploy capital for a different selection of business residence sorts and in all markets during the region.

&#13

Clopton Money ranks as a single of the most lively and dynamic industrial genuine estate finance companies providing lending options nationwide for income creating qualities. Providing professional mortgages, construction loans, bridge financial loans, and CMBS financial loans to borrowers for a various selection of home types and possession structures, Clopton Funds has the functionality to satisfy nearly any lending wants of home owners and professionals.

&#thirteen

For more info make contact with a bank loan officer by contacting 866-647-1650 or pay a visit to http://cloptoncapital.com

Clopton Cash, a nationwide industrial actual estate finance business, is announcing the opportunity for house owners and operators of retail facilities and purchasing facilities to acquire long phrase mounted price financing at lower prices.

&#13

Clopton Cash is a service provider of the two recourse and non-recourse business mortgage for all home kinds. The financial loans funded by way of the organization are funded by insurance policy organizations, CMBS securitizations, and banking institutions. The firm is in search of debtors and intermediaries searching for refinance or buy financial debt for which to organize and offer you cash. Since of the various character of its money base, the company is able to construction financial loans for any residence sort with a extensive variety of terms and amortizations.

&#thirteen

Curiosity charges have been on the increase just lately, so now is the ideal time to lock in traditionally reduced desire rate for long terms.

&#thirteen

Clopton Capital ranks as a single of the most energetic and dynamic industrial real estate finance corporations providing lending possibilities nationwide for earnings producing houses. Providing business home loans, development financial loans, bridge financial loans, and CMBS financial loans to borrowers for a varied selection of property varieties and possession constructions, Clopton Funds has the ability to fulfill nearly any lending needs of house owners and professionals.

&#13

For far more info contact a loan officer by contacting 866-647-1650 or pay a visit to http://cloptoncapital.com